FLORIDA REAL ESTATE LICENSE PRACTICE
SCRIPT 2026 COMPLETE SOLUTIONS
GRADED A+
⩥ Single Agent. Answer: A broker who represents either the buyer or the
seller (but not both) and has a fiduciary relationship with the party
represented. Broker must provide a written single agent disclosure notice
to the seller or buyer. Sales associate is a general agent to the broker, but
in this case is a sub agent of the seller/buyer.
⩥ Qualifying broker for a real estate brokerage Corp. is. Answer: Any
active individual broker who has the corporate name appear on his or her
registration
⩥ Sale/broker associate. Answer: May be a limited partner in a limited
partnership brokerage business. A stockholder in a corporation brokerage
business. May be licensed as a professional corporation (PA), limited
liability company(LLC), or professional limited liability
company(PLLC). May not be an officer or director of a broker
corporation
⩥ A licensed real estate sales associate wants nonresident license status.
The licensee must?. Answer: Notify the commission within 60 days
,⩥ A florida Real estate broker became involuntary inactive 13 months
ago. The broker is in the second renewal cycle of the license. What
education is required to renew the brokers license?. Answer: 28 hours
commission prescribed reactivation requirements
⩥ Which individual is exempt from the broker pre-license education
requirement?. Answer: 4 year or higher real estate degree
⩥ A real estate broker's license became involuntary inactive 10 months
ago. The broker is in the third renewal cycle of his license. The broker
wants to become active in real estate again. What would the broker due
regarding the license?. Answer: Satistfy the education 14 hours FREC
continuing education
⩥ How many stockholders can S corporations have?. Answer: No more
than 100
⩥ What business entity may NOT register as a real estate brokerage
entity?. Answer: Cooperative Association
⩥ A sales associate may hold which position in real estate brokerage?.
Answer: Limited partners in regards in the same light as stockholder in a
corporation
,⩥ A broker runs ads in the newspaper that describes the company's
history, quality of service, and expertise of sales associates. What type of
advertising is this?. Answer: Institutional Advertising
⩥ A sales associate will get a 50% split for all sales until the associate
earns $25,000. At this point, the commission split increase to 55% on
future sales. What type of commission split is described?. Answer:
Graduated Commission
⩥ A broker is required by law to notify the Florida Real Estate
Commission of conflicting demands in which situation?. Answer:
Conflicting demands occur when the buyer and the seller make demands
regarding the disbursing of escrowed property that are inconsistent and
cannot be resolved.
⩥ Who issues a recommended order?. Answer: Administrative law judge
⩥ A broker's license is revoked for fraudulent real estate activity. What
will happen to the licenses of the 60 sales associates register under this
broker?. Answer: Involuntary inactive status
⩥ Within how many days must a license take correction action when
issued a notice of noncompliance for a minor violation?. Answer: 15
days
, ⩥ A new diamond engagement ring is advertised for $8,900. This figure
is the ring's?. Answer: Price
⩥ A real estate broker may accept which type appraisal assignment?.
Answer: FIRREA (Federal Financial Institution Regulations Agency)
⩥ The appraiser gathers information regarding the neighborhood in
which the subject property and the comparable properties are located .
The appraiser observes that there is a reasonable amount of similarity
among the properties in terms of square footage, amenities and
architectural design. Which principle of value applies to this situation?.
Answer: Conformity
⩥ Which independent board of the Appraisal Foundation is responsible
for the development and interpretation of the USPAP?. Answer:
Appraisal Standard's Board
⩥ Which type of cost is calculated using similar but not identical
building materials resulting in the equal utility as compared with the
subject property?. Answer: Replacement Cost
⩥ Which type of depreciation is associated with inefficient architectural
design?. Answer: Functional Obsolescence
SCRIPT 2026 COMPLETE SOLUTIONS
GRADED A+
⩥ Single Agent. Answer: A broker who represents either the buyer or the
seller (but not both) and has a fiduciary relationship with the party
represented. Broker must provide a written single agent disclosure notice
to the seller or buyer. Sales associate is a general agent to the broker, but
in this case is a sub agent of the seller/buyer.
⩥ Qualifying broker for a real estate brokerage Corp. is. Answer: Any
active individual broker who has the corporate name appear on his or her
registration
⩥ Sale/broker associate. Answer: May be a limited partner in a limited
partnership brokerage business. A stockholder in a corporation brokerage
business. May be licensed as a professional corporation (PA), limited
liability company(LLC), or professional limited liability
company(PLLC). May not be an officer or director of a broker
corporation
⩥ A licensed real estate sales associate wants nonresident license status.
The licensee must?. Answer: Notify the commission within 60 days
,⩥ A florida Real estate broker became involuntary inactive 13 months
ago. The broker is in the second renewal cycle of the license. What
education is required to renew the brokers license?. Answer: 28 hours
commission prescribed reactivation requirements
⩥ Which individual is exempt from the broker pre-license education
requirement?. Answer: 4 year or higher real estate degree
⩥ A real estate broker's license became involuntary inactive 10 months
ago. The broker is in the third renewal cycle of his license. The broker
wants to become active in real estate again. What would the broker due
regarding the license?. Answer: Satistfy the education 14 hours FREC
continuing education
⩥ How many stockholders can S corporations have?. Answer: No more
than 100
⩥ What business entity may NOT register as a real estate brokerage
entity?. Answer: Cooperative Association
⩥ A sales associate may hold which position in real estate brokerage?.
Answer: Limited partners in regards in the same light as stockholder in a
corporation
,⩥ A broker runs ads in the newspaper that describes the company's
history, quality of service, and expertise of sales associates. What type of
advertising is this?. Answer: Institutional Advertising
⩥ A sales associate will get a 50% split for all sales until the associate
earns $25,000. At this point, the commission split increase to 55% on
future sales. What type of commission split is described?. Answer:
Graduated Commission
⩥ A broker is required by law to notify the Florida Real Estate
Commission of conflicting demands in which situation?. Answer:
Conflicting demands occur when the buyer and the seller make demands
regarding the disbursing of escrowed property that are inconsistent and
cannot be resolved.
⩥ Who issues a recommended order?. Answer: Administrative law judge
⩥ A broker's license is revoked for fraudulent real estate activity. What
will happen to the licenses of the 60 sales associates register under this
broker?. Answer: Involuntary inactive status
⩥ Within how many days must a license take correction action when
issued a notice of noncompliance for a minor violation?. Answer: 15
days
, ⩥ A new diamond engagement ring is advertised for $8,900. This figure
is the ring's?. Answer: Price
⩥ A real estate broker may accept which type appraisal assignment?.
Answer: FIRREA (Federal Financial Institution Regulations Agency)
⩥ The appraiser gathers information regarding the neighborhood in
which the subject property and the comparable properties are located .
The appraiser observes that there is a reasonable amount of similarity
among the properties in terms of square footage, amenities and
architectural design. Which principle of value applies to this situation?.
Answer: Conformity
⩥ Which independent board of the Appraisal Foundation is responsible
for the development and interpretation of the USPAP?. Answer:
Appraisal Standard's Board
⩥ Which type of cost is calculated using similar but not identical
building materials resulting in the equal utility as compared with the
subject property?. Answer: Replacement Cost
⩥ Which type of depreciation is associated with inefficient architectural
design?. Answer: Functional Obsolescence
